DELIMEX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DELIMEX
Largest movements
- Receivables within one year -€80,579
down €80,579 (-54.1%), from €148,821 to €68,242
- Stocks and contracts +€62,835
up €62,835 (+141.8%), from €44,303 to €107,138
- Tangible fixed assets -€45,855
down €45,855 (-13.8%), from €331,569 to €285,713
of which Land and buildings: -€27,254
- Debts after one year -€19,528
down €19,528 (-31.2%), from €62,530 to €43,001
- Trade debts -€16,510
down €16,510 (-14.3%), from €115,800 to €99,290
- Other debts -€12,638
down €12,638 (-3.8%), from €331,817 to €319,179
- Tax, wage and social debts -€12,551
down €12,551 (-34.0%), from €36,918 to €24,367
of which Taxes: -€12,664
- Gross operating margin -€76,441
down €76,441 (-33.4%), from €228,969 to €152,527
- Financial charges -€64,425
down €64,425 (-90.6%), from €71,078 to €6,653
of which Non-recurring financial charges: -€66,822
- Staff costs -€8,288
down €8,288 (-9.7%), from €85,363 to €77,075
- Taxes +€4,407
up €4,407 (+1009.7%), from €437 to €4,844
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,846 | €517,124 | -€58,722 | -10.2% |
| Fixed assets | 21/28 | €331,569 | €285,713 | -€45,855 | -13.8% |
| Tangible fixed assets | 22/27 | €331,569 | €285,713 | -€45,855 | -13.8% |
| Land and buildings | 22 | €217,731 | €190,477 | -€27,254 | -12.5% |
| Plant, machinery and equipment | 23 | €33,101 | €38,283 | +€5,182 | +15.7% |
| Furniture and vehicles | 24 | €80,737 | €56,954 | -€23,783 | -29.5% |
| Current assets | 29/58 | €244,277 | €231,410 | -€12,867 | -5.3% |
| Stocks and contracts in progress | 3 | €44,303 | €107,138 | +€62,835 | +141.8% |
| Stocks | 30/36 | €44,303 | €107,138 | +€62,835 | +141.8% |
| Amounts receivable within one year | 40/41 | €148,821 | €68,242 | -€80,579 | -54.1% |
| Trade receivables | 40 | €148,821 | €68,242 | -€80,579 | -54.1% |
| Cash at bank and in hand | 54/58 | €51,153 | €51,009 | -€144 | -0.3% |
| Deferred charges and accrued income | 490/1 | - | €5,021 | +€5,021 | |
| Total equity and liabilities | 10/49 | €575,846 | €517,124 | -€58,722 | -10.2% |
| Equity | 10/15 | €10,068 | €11,758 | +€1,689 | +16.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,132 | -€56,442 | +€1,689 | +2.9% |
| Amounts payable | 17/49 | €565,778 | €505,366 | -€60,412 | -10.7% |
| Amounts payable after more than one year | 17 | €62,530 | €43,001 | -€19,528 | -31.2% |
| Financial debts | 170/4 | €62,530 | €43,001 | -€19,528 | -31.2% |
| Amounts payable within one year | 42/48 | €503,248 | €462,365 | -€40,883 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €18,712 | €19,528 | +€816 | +4.4% |
| Trade debts | 44 | €115,800 | €99,290 | -€16,510 | -14.3% |
| Suppliers | 440/4 | €115,800 | €99,290 | -€16,510 | -14.3% |
| Taxes, remuneration and social security | 45 | €36,918 | €24,367 | -€12,551 | -34.0% |
| Taxes | 450/3 | €27,029 | €14,365 | -€12,664 | -46.9% |
| Remuneration and social security | 454/9 | €9,889 | €10,002 | +€113 | +1.1% |
| Other amounts payable | 47/48 | €331,817 | €319,179 | -€12,638 | -3.8% |
| Remuneration, social security and pensions | 62 | €85,363 | €77,075 | -€8,288 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,970 | €58,801 | -€169 | -0.3% |
| Other operating charges | 640/8 | €4,803 | €3,696 | -€1,107 | -23.0% |
| Gross operating margin | 9900 | €228,969 | €152,527 | -€76,441 | -33.4% |
| Operating profit (loss) | 9901 | €79,833 | €12,956 | -€66,877 | -83.8% |
| Financial income | 75/76B | €36 | €231 | +€194 | +532.3% |
| Recurring financial income | 75 | €36 | €231 | +€194 | +532.3% |
| Financial charges | 65/66B | €71,078 | €6,653 | -€64,425 | -90.6% |
| Recurring financial charges | 65 | €4,257 | €6,653 | +€2,397 | +56.3% |
| Non-recurring financial charges | 66B | €66,822 | - | -€66,822 | |
| Profit (loss) for the period before taxes | 9903 | €8,791 | €6,533 | -€2,258 | -25.7% |
| Income taxes | 67/77 | €437 | €4,844 | +€4,407 | +1009.7% |
| Profit (loss) for the period | 9904 | €8,355 | €1,689 | -€6,666 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,355 | €1,689 | -€6,666 | -79.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.